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Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. The most popular card schemes globally are Union Pay, Visa, and Mastercard. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API.
Michael Seibel , the CEO of Y Combinator, is a global advisor and an investor in the firm, and so is Andy Volk , the head of ecosystem for Google Sub-Saharan Africa. Microtraction revealed that it accepted over 500 applications from startups in Nigeria, Ghana, Zambia, and Mauritius in its first full year of operation.
San Francisco-based Global Founders Capital (GFC) led the round. Like many API-led fintechs, card-issuing API (pioneered by the likes of Rapyd, Ayden and even Stripe globally) is increasingly getting attention from investors who think it’s the next big thing in a sector that has attracted the most VC dollars in Africa.
The region happens to be one of the fastest-growing globally; nevertheless, over 200 million people in East Africa do not have access to a bank account or mobile money. Anglophone East Africa is home to over 400 million people, with half under 25.
The firm co-led the round with Global Ventures, the MENA-focused VC that has backed the likes of Tabby, Helium Health and Paymob. “I KlashaWire allows small merchants in these six countries to pay their suppliers in their local currencies. Meanwhile, its consumer base has grown to about 45,000 customers, a 4x growth from last October.
based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. The investment from Visa came as one of the incentives for Bloom’s participation in the global card scheme’s Fintech Fast Track Program. This investment is coming after the startup’s undisclosed pre-seed round last year.
Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part of how those living in developing countries, off the global financial grid, can be helped. on 2020, as parts of the global economy started to claw back growth after a tough 2020 due to Covid-19.
We want to encourage capital into African women-led businesses, and to support a high number of existing local and global investors to invest more capital in this market,” Impact Room CEO and founder Blantern told TechCrunch. Impact Rooms is backed by US-based investment group Global Blockchain Ventures (GBV).
African startups join global funding boom as fintech shines. An interesting instance would be freelancers in Ivory Coast trying to receive payment for services on a global payments platform. This alternative financial infrastructure is one of the largest globally. He also sits on the board of 88mph.
Hunger is a global issue that affects everyone, everywhere. An estimated 811 million people are hungry globally. Supporting them is not only essential to the global community’s food supply, but also to the day-to-day well-being of the communities in which they work and live. Why Small-Scale Farmers?
Patients in Ghana, Nigeria, Kenya, Zambia, Malawi, Rwanda and Ethiopia, where mPharma has a presence, now have access to the virtual services. Covid showed us that the best form of care is local, it is in the community, and the closest thing in communities are pharmacies. doctors for every 10,000 people against the best ratio of 84.2
These global leaders are coming from the United Kingdom, Uganda, Florida, and DC. Don't worry, there are NetSquared groups in 75 cities who are dedicated to holding events for their local nonprofit technology communities. Lusaka, Zambia: Website Building and Designing Using WordPress for Nonprofits. Sunday, March 5, 2017.
His roles involved representing Australia in international negotiations on global health and humanitarian affairs and as an advisor to the UN secretary general on global health and pandemic preparedness. . What I saw after a while was a missing pillar there, and that was technology innovation,” he said. . based VC firm 500 Startups. .
In Ethiopia, she did organizational capacity building work for a local network of NGOs. The tools can be useful for in-country connections, in local languages, or north-south connections. in Ghana here and a story about the use of a wiki in Zambia by my colleague Saskia here. PersonallyI see a huge potential for web2.0
After meeting her at the Global Engagement Summer last spring, I knew I wanted to grab her for an interview before she became too famous. He ended up running for about 1,500 miles all the way to Zambia, arriving with nothing but the clothes on his back, about 90 pounds, and showing up at a refugee camp where he knew nobody.
We're a global movement with chapters in 20 countries. NetSquared Zambia in Lusaka, Zambia. Ouagadougou, Burkina Faso: Monthly Meeting of Local Members. Newest Groups. Check out our newest groups: NetSquared St. Louis in St. Louis, Missouri. Nonprofit Neighbors Tech Club in Kansas City, Missouri. Asia and Pacific Rim.
Global Head of the Tableau Foundation. But it is also evidence of a changing data culture within governments and evolving relationships with public and private funders of global health programs around the world. . “A Neal Myrick. Kristin Adderson. June 13, 2021 - 5:55pm. June 13, 2021.
In a period of two years, Adanian Labs has grown beyond Kenya, by establishing a presence in Tanzania, Zambia, South Africa and Nigeria – some of the biggest startup and tech hubs in Africa. Besides, as multinationals look to Africa for tech talent, it has become important to increase the digital and tech skills locally.
Global Head of the Tableau Foundation. But it is also evidence of a changing data culture within governments and evolving relationships with public and private funders of global health programs around the world. . “A Neal Myrick. Kristin Adderson. June 13, 2021 - 5:55pm. June 13, 2021.
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